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Long Term Forex Market Analysis


USDCAD Weekly Analysis - March 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 March 2016 07:57 UTC
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.3312. Further decline is still possible in a couple weeks, and next target would be at 1.3000 area. Resistance is at 1.3600, only break above this level could signal completion of the downtrend.

USDJPY Weekly Analysis - March 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 March 2016 07:56 UTC
USDJPY moved sideways in a trading range between 110.97 and 114.87. The price action in the range is likely consolidation of the downtrend from 123.75. Resistance is at 116.00, as long as this level holds, the downtrend could be expected to continue, and next target would be at 105.00 area. Only bre ...

AUDUSD Weekly Analysis - March 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 March 2016 07:55 UTC
AUDUSD broke above 0.7439 resistance, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6826 already. Further rise could be expected, and next target would be at 0.8000 area. Support is at 0.7100, only break below this level could bring price back to test 0.68 ...

GBPUSD Weekly Analysis - March 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 March 2016 07:55 UTC
GBPUSD remains in downtrend from 1.5929 (Jun 18, 2015 high), the rise from 1.3835 is likely consolidation of the downtrend. Resistance is at 1.4668, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3000 area. On the upside, a break of 1.4668 res ...

EURUSD Weekly Analysis - March 6, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 March 2016 07:54 UTC
EURUSD remains in uptrend from 1.0517, the fall from 1.1376 could be treated as correction of the uptrend. Further rise is possible over the next several weeks, and next target would be at 1.2000 area. Support is at 1.0700, only break below this level will indicate that the uptrend had completed at ...

USDCAD Weekly Analysis - February 28, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 February 2016 13:20 UTC
USDCAD's downward movement extended to as low as 1.3504. Deeper decline is still possible next week, and next target would be at 1.3200 area. Resistance is at 1.3870, only break above this level could signal completion of the downtrend.

USDJPY Weekly Analysis - February 28, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 February 2016 13:19 UTC
USDJPY is in consolidation of the downtrend from 123.75. Range trading between 110.97 and 116.00 is possible in a couple of weeks. Resistance is at 116.00, as long as this level holds, the downtrend could be expected to continue, and next target would be at 105.00 area. Only break above 116.00 resis ...

AUDUSD Weekly Analysis - February 28, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 February 2016 13:19 UTC
AUDUSD's rise from 0.6826 extended to as high as 0.7258. Further rise to test 0.7439 key resistance is possible next week, as long as this level holds, the price action in the range between 0.6826 and 0.7439 could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another f ...

GBPUSD Weekly Analysis - February 28, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 February 2016 13:18 UTC
GBPUSD broke below 1.4080 support, indicating that the downtrend from 1.5929 (Jun 18, 2015 high) has resumed. Further decline could be expected, and next target would be at 1.3000 area. Resistance levels are at 1.4300 and 1.4668, as long as these levels hold, the downtrend will continue.

EURUSD Weekly Analysis - February 28, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 February 2016 13:17 UTC
EURUSD's fall from 1.1376 extended to as low as 1.0911. Deeper decline to test 1.0700 support is possible next week, as long as this level holds, the fall could be treated as consolidation of the uptrend from 1.0517, another rise towards 1.2000 could be expected after consolidation. On the downside, ...

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